Thoma Bravo has acquired Centrify, the private equity firm and the identity and access management platform provider confirmed today. Financial terms were not disclosed.
Centrify in June 2018 launched a partner program called Centrify Zero Trust Security Network. The effort was previously know as the Centrify Alliance Partner Program (CAPP). The Thoma Bravo deal could allow Centrify to strengthen its MSP and MSSP partner engagements, MSSP Alert believes.
Indeed, Thoma Bravo already owns:
We're not guaranteeing synergies between Centrify and those Thoma Bravo portfolio companies. But it's a safe bet executive-level discussions between the firms will occur, based on private equity management styles.
About Centrify
Founded in 2004, Centrify serves over 5,000 customers spanning across multiple vertical markets. In a blog describing the deal, Centrify CEO Tom Kemp wrote:
"We believe that this transaction optimally positions us to accelerate our pace of innovation in the areas of Privileged Access Management and Identity-as-a-Service, and will further our ability to implement our vision of Zero Trust Security."
Added A.J. Rohde, a partner at Thoma Bravo:
“Having invested successfully several times in the identity market, we’ve known and watched Centrify as a leader for many years, and we absolutely share the company’s vision on where the market is headed. We are unbelievably excited to partner with Tom Kemp and his world-class team to continue to disrupt and expand the identity market organically and through M&A, all while partnering with the team to help institute our best-in-class processes.”
